Life Insurance For Homeowners
- £200k cover for less than £6 a month*
- Your premiums will never increase
- Awarded ‘Best Life Insurance Provider’ by YourMoney.com 2023
Owning your own home brings a sense of security and familiarity – it is a place where you and your family live and make memories. Your home is more than just a building, it is a representation of your family and your personal security and comfort. Having a home requires time, money, work, and effort to keep it as your safe place.
Have you ever considered what would happen to your home and loved ones if the worst were to happen? Life insurance can help to answer that question and provide peace of mind by protecting your home and loved ones even in the most challenging of times.
Protecting your home and your family
While it is not pleasant to dwell on the thought of leaving your loved ones behind, it is important to address this in order to safeguard them. Life insurance is a safety net that can help to protect your family if the unthinkable should happen.
The financial support and lump sum payout received in the event of your passing could help your family to cover your mortgage payments, bills, daily living expenses, and also provide for their futures. This can relieve a great deal of stress for your loved ones and allow them the opportunity to grieve without external worries and concerns.
Protection in the event of illness or injury
When choosing life insurance to protect your home, you may also wish to consider critical illness cover. This means that you would still be supported even if you should become unwell with a range of serious conditions such as cancer, heart attack or stroke or any of the conditions listed in our Policy Terms and Conditions.
The bills don’t stop if you were ever to fall critically ill and it is not always possible to continue working whilst recovering from a critical illness such as cancer. The lump sum paid out on critical illness cover could help remove some of the financial stress of mortgage repayments and house maintenance bills and provide peace of mind whilst you focus on your recovery.
The future of your home and estate
Owning a home may be the largest financial investment you make, and it is important to consider and plan the future of that investment.
At Beagle Street we offer a free Simple Will writing service to all our policy holders. A simple will is a will that leaves an estate to a maximum of six beneficiaries without the use of trusts or tax planning. Without a will in place, it’s not always clear who you wanted to leave your estate to so it’s important to have one.
We also offer all our customers the option to put their policy in Trust. Putting your policy in trust may also help avoid a potential tax bill if the value of your estate is greater than £325k. This can be a helpful tool if your home exceeds this value.
Flexibility and affordability
As a homeowner, you may wish to consider the pros and cons of level term life insurance vs. decreasing term life insurance.
A level term life insurance policy means that you will be covered for the same sum throughout your policy, and this will not change, regardless of whether you make a claim early on into the policy or towards the end. A decreasing term life insurance policy pays out less over time. This is often used by customers who want to cover their mortgage and so, as their mortgage is paid off and decreases over time, so does their life insurance.
When selecting life insurance, you need to consider the duration of the policy, the amount of cover you want, and your monthly budget.
For a homeowner, life insurance is far more than just a financial product, it is a means to ensuring the protection of your loved ones and the place you hold dear. By establishing a life insurance policy, you are providing your family the stability to continue to thrive and maintain the life and home you have together, without the burden of financial stress. The right cover can allow you to move through life, safe in the knowledge that those you care about are protected, whatever life should bring.
Start securing your future with Beagle Street. Get a quick quote online or call our friendly help centre at 0800 048 0480.
Get a quote today or speak to the team
At Beagle Street we’re here to support you through the application process. If you’re ever unsure about any of the questions in the application, we have a team of experts on hand to help.
or call us
0800 048 0480
Included with every Beagle Street policy
Estate planning kit
Accidental death benefit
Early funeral payout
Amazon gift card^
Free Beagle soft toy^
*Based on a 30 year old non-smoker, £200k decreasing term cover for 20 years
^Available only when purchasing a policy directly through Beagle Street. Within 60 days of paying the 2nd monthly payment, the soft toy will be dispatched. The gift card value varies depending on monthly premium. Within 30 days of paying the 6th monthly payment, you will receive an email to claim your e-gift. Full Terms and Conditions